115 5th Ave, Sun Valley, NV 89433-7650
- Retail space
- 1,234 SF
- 2.01 lot acres
Current Use by Public Records
- Retail space
Property Details for 115 5th Ave
- Year built
- 1971
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.01 lot acres
- Zone code
- GC
- Property type
- Retail space
- APN
- 085-650-29
- APU
- 8565029
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 30, 2003 | — | Meilin Liao | Chang,vicky I | Quit Claim Deed · related | — |
| May 30, 2003 | $300,000 | Meilin Liao | Liao,meilin | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents the Trail West Mobile Home Park, a 16-unit stabilized multifamily property situated on a 2.006-acre lot in Sun Valley, Nevada. Currently boasting 100% occupancy with all 16 spaces rented at $625 per month, generating a Net Operating Income (NOI) of $73,903, and a 4.62% cap rate. Pro-forma projections indicate a potential NOI of $91,892 and a 5.74% cap rate. The property features a single-story building constructed in 1871, currently used for commercial purposes (non-conforming use) and could be removed to increase the number of mobile home spaces. All mobile homes are tenant-owned, minimizing maintenance responsibilities for the owner. The property is zoned GC. The asking price is $1,600,000, representing a price per unit of $100,000. The property's location at 115 W 5th Ave, Sun Valley, NV 89433 (APN: 085-650-29) offers a central location within the community. Note that the Sun Valley General Improvement District will impose water and sewer impact fees upon sale
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sun Valley
- County
- Washoe
- State
- Nevada
- Longitude
- -119.781
- Latitude
- 39.5933
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
